Reliance Industries' (RIL's) oil-to-chemicals (O2C) business is likely to remain under pressure for the remaining of the current financial year, according to analysts and company executives. "Management guides for softness for the next couple of quarters in both retail and O2C businesses," analysts at BOB Capital Markets noted in an after-results report on RIL. For the July-September quarter (Q2) of 2024-25 (FY25), RIL's O2C business reported a 5.1 per cent year-on-year increase in revenue to Rs 1.55 trillion.
Shares of Bajaj Finance surged over 6 per cent on Thursday after the diversified non-banking finance company reported an 18 per cent increase in consolidated net profit to Rs 4,308 crore for the December quarter. The stock rallied 6.33 per cent intraday to touch Rs 8,249.95 - a 52-week high -- on the BSE.
Debt mutual fund (MF) schemes are set to register the best calendar year (CY) performance in the last four years despite no changes in the interest rate. An analysis of one-year performance of debt funds show that many of the schemes are set to deliver double-digit returns in CY 2024.
An angry Ravichandran Ashwin on Thursday asked Eoin Morgan and Tim Southee to not use 'derogatory' words and lecture him on 'Spirit of Cricket' by taking a moral high ground after their on-field bust-up over an extra run during an IPL game.
England limited-overs skipper Eoin Morgan hailed rising India batsman Shubman Gill after the young opener's unbeaten 70 helped Kolkata Knight Riders beat Sunrisers Hyderabad on Saturday for their first win of the Indian Premier League season.
Kolkata Knight Riders failed in their bid to win their third Indian Premier League title in Dubai on Friday but captain Eoin Morgan said he is extremely proud of the fight put up by his team.
Defying the bearish sentiment in the markets on Monday, ICICI Bank's share price rose by 2 per cent, reaching an intraday high of Rs 1,234.4 per share on the BSE. With a 1.5 per cent gain at the close, the stock emerged as the top performer on both the BSE Sensex and the National Stock Exchange Nifty 50 indices.
"Unfortunately, my family and I closed out 2020 learning that we had contracted Covid while in California over the holidays," Morgan said
Out-of-form England skipper Eoin Morgan is open to dropping himself during the T20 World Cup if it helps the team win the title.
'I am pretty sure that Morgan went to the selectors and Ashley Giles and said he wanted his best team at all times this year in Twenty20'
In a bull-case scenario it sees the Sensex at 61,000 levels, while it's bear case scenario pegs the Sensex at 41,000 levels by December 2021.
Buttler, Morgan's non-participation in remainder of IPL could save KKR, Royals the blushes
Eoin Morgan said he didn't think his team had a chance after they were reduced to 31 for five in 5.2 overs.
Despite headwinds, it remains "structurally bullish" on India and expects the Sensex to scale up to the 70,000-mark by December 2022; 80,000 level in a bull-case scenario and hover around the 50,000-mark as a bear-case, the brokerage house said in a report.
China has stayed on top for two consecutive months in the MSCI Emerging Markets Investable Market Index (EM IMI), after ceding the position to India in August. At the end of October, China's weight in the key EM gauge stood at 24.72 per cent, up from 21.58 per cent at the end of August. India's weight during this period has slipped to 20.42 per cent from 22.27 per cent.
The Madhya Pradesh all-rounder was bought by KKR for a massive bid of Rs 23.75 crore.
'We have a number of match-winners, so it's very difficult to go up the order'
Eoin Morgan remains unfazed and says it's a 'matter of time' before he fires
Manchester City came from behind to beat Club Brugge 3-1 and secure their place in the Champions League playoffs
India's most valued company, Reliance Industries Ltd (RIL), reported a robust performance in the third quarter of the current financial year (Q3FY25), surpassing analyst expectations. This coupled with positive commentary by brokerages led to the stock of the oil-to-telecom conglomerate surging as much as 4.44 per cent to hit an intraday high of Rs 1,325.1. It settled at Rs 1,301.3 apiece, up 2.57 per cent.
Images from Saturday's action in the Premier League.
Morgan to decide England future after T20 World Cup in Australia
Eoin Morgan could well be the 'ice' to Andre Russell's 'fire' as England's World Cup winning captain gets ready to complement the pyrotechnics of the big-hitting Jamaican when Kolkata Knight Riders take the field in this year's Indian Premier League.
Defence Minister Rajnath Singh and Minister of State Dr Jitendra Singh take the India-US defence relationship forward.
Jos Buttler will captain England in Morgan's absence.
Kolkata Knight Riders captain Eoin Morgan attributed the team's massive reversal in fortunes in the second leg of IPL-14 to his bowlers' aggressive approach.
Kolkata Knight Riders skipper Eoin Morgan, one of the most respected voices in international cricket today, acknowledged that the players are more than aware of the horrific nature of the COVID-19 pandemic which is claiming hundreds of lives outside the bio-bubble.
Chasing 318 for victory, England's openers got off to a spectacular start against a new-look Indian bowling attack before debutant Prasidh Krishna and Shradul Thakur seized the momentum, sharing seven wickets between them to derail the innings.
England captain Eoin Morgan is delighted that his team began its T20 World Cup campaign on a winning note as spinner Moeen Ali exploited the conditions to flatten the West Indies, in Dubai, on Saturday.
After a robust 2023, foreign investors significantly scaled back their investments in Indian equities in 2024, with net inflows amounting to over Rs 5,000 crore, as elevated domestic valuations, coupled with geopolitical uncertainties prompted investors to adopt a more cautious stance. Looking ahead to 2025, FPI flows into Indian equities could see a recovery, supported by a cyclical upswing in corporate earnings, particularly in domestic-oriented sectors like capital goods, manufacturing, and infrastructure, Vinit Bolinjkar, head of research, Ventura Securities, said.
England captain Eoin Morgan hopes to lead the team at the 2022 Twenty20 World Cup in Australia, the 35-year-old said after his side bowed out of this year's edition in the semi-finals on Wednesday.
Morgan said they have a good bench strength this season to deal with the challenges of injury and illness.
Images from Sunday's action in the Premier League.
Foreign investors were net sellers of domestic debt in October for the first time since the official inclusion of Indian government bonds in the JP Morgan bond indices, with net outflow worth Rs 4,697 crore. This marked the second instance in the current calendar year where foreign portfolio investors (FPIs) were net sellers in a month.
IMAGES from the Premier League matches played on Sunday
Apple and its vendors are aiming to assemble 32 per cent of iPhone's global production volume and 26 per cent of its value in India by 2026-27 -a year after the final year of the five-year production-linked incentive (PLI) scheme for mobile devices. This could translate into a production value of over $34 billion, assuming global iPhone sales remain consistent with 2023-24 (FY24) levels. The estimates are based on discussions between Apple Inc and its vendors, along with central and state governments, regarding the assembly of products in India, according to sources.
Eoin Morgan has said that he is hoping to see turning pitches for the upcoming five-match T20I series against India.
Global fund managers remain bullish on the Japanese stock markets, which is now their most preferred destination in the Asian region. Both Morgan Stanley and Jefferies in their recent reports, have cited their preference for the Land Of The Rising Sun, which is fast becoming the land of the rising equities, too.
Kolkata Knight Riders (KKR) skipper Eoin Morgan hailed opening batsman Venkatesh Iyer for playing an unbeaten knock of 41 against Royal Challengers Bangalore (RCB) in the ongoing Indian Premier League (IPL) 2021 season.
This was KKR's first offence of the season under the IPL's Code of Conduct relating to minimum over-rate offences.